Question: Kaira will use the single filing status when she files her 2 0 2 3 return. During the year, she sold 1 5 0 shares

Kaira will use the single filing status when she files her 2023 return. During the year, she sold 150 shares of ELM stock. She had owned the shares since 2019, and her gain on the sale was $2,500. She has no prior-year carryover losses, and her only other income consisted of $50,000 in wages. With her wage income and her gain from the sale of stock, her 2023 adjusted gross income is $52,500. Her taxable income, reported on line 15 of her Form 1040, is $38,650.
How much tax will Kaira owe on her gain from the sale of ELM stock?

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